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Market Chatter: BlackRock TCP Private Credit Fund CEO to Leave Company

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Phil Tseng, chief executive of BlackRock's (BLK) troubled private credit fund, is leaving the company, Bloomberg reported Wednesday, citing people familiar with the matter.

Tseng remains an employee of the company for now, and the time of his departure hasn't been finalized, the report said, citing the people.

BlackRock didn't immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $980.34, Change: $+18.78, Percent Change: +1.95%

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